Show-me Account Talk

[Birchtree]

BGZ $62.36 down $5.84 - to hold or not to hold?

 

[Gumby]

BGZ $62.36 down $5.84 - to hold or not to hold?

It make take a little testicular fortitude to hold on.........but this rocket ride ain't going to last.
I sure would have liked to IFT'ed out of this market today in my TSP account.
I am holding mine......BGZ that is.:nuts:

 

[Show-me]

BGZ $62.36 down $5.84 - to hold or not to hold?

I'm buying FAZ all the way up.

 

[Birchtree]

BGZ actually bottomed at $58.03 -10.17. FAZ bottomed at $36.90 -13.70, so I assume you will chase off the bottom. Good luck with that strategy. Are both of these ETFs x 3.

 

[Show-me]

BGZ actually bottomed at $58.03 -10.17. FAZ bottomed at $36.90 -13.70, so I assume you will chase off the bottom. Good luck with that strategy. Are both of these ETFs x 3.

Aw, this from the guy that held from the top all the way to the bottom.

 

[Show-me]

One view.

This overbought condition doesn’t mean that the market can’t go up. But if it does, the odds couldn’t be any better for it to fall back to this level within a few days. I might not make any money on this trade, but the odds of losing very much are as low as they can get.

I am tempted to ride my 45% annual returns into year-end to lock-in my bragging rights, but I just can’t watch a setup like this go by.

If there is a gap-up Wednesday morning, I will short some more. If Detroit gets its bailout, I will short even more. At that point, I just might be all-in short.

Add to this the fact that big FOMC moves are almost always quickly reversed, and I like my chances!

http://www.tsptalk.com/mb/showpost.php?p=199140&postcount=2423

 

[Show-me]

Morgan Stanley suffers $2.3 billion loss

Roiled by broader market turmoil, the Wall Street firm reported much worse-than-expected results in latest quarter; shares fall on the news.

NEW YORK (CNNMoney.com) -- Morgan Stanley reported a massive $2.3 billion loss for the fourth quarter Tuesday, far worse than what analysts were expecting.
The nation's No. 2 investment bank reported a net loss of $2.3 billion, or $2.24 a share, during the fourth quarter. Including results from discontinued operations, the company said it lost $2.34 a share.
Either way, the results were substantially worse than what analysts were anticipating. Consensus estimates were for a loss of $298 million, or 34 cents a share, according to Thomson Reuters.

http://money.cnn.com/2008/12/17/news/companies/morgan_stanley/index.htm?source=yahoo_quote

 

[Show-me]

Not my problem approach.

Bush considering "orderly" auto bankruptcy

Bush said the auto industry is "obviously very fragile" and he is worried about what an out-and-out collapse without Washington involvement "would do to the psychology" of the markets.
"There still is a lot of uncertainty," he said.
At the same time, the president said anew that he is worried about "putting good money after bad," meaning taxpayer dollars shouldn't be used to prop up companies that can't survive the long term.
He revealed one other consideration -- that Barack Obama will become president in just over a month.
"I thought about what it would be like for me to become president during this period. I believe that good policy is not to dump him a major catastrophe on his first day in office," Bush said.
At the White House, Perino said, "The president is not going to allow a disorderly collapse of the companies. A disorderly collapse would be something very chaotic that is a shock to the system."
She said the White House was close to a decision and emphasized there were still several possible approaches to assisting the automakers, such as short-term loans out of a $700 billion Wall Street rescue fund. Bush has resisted this approach before, and it is adamantly opposed by many Republicans

http://finance.yahoo.com/news/Bush-considering-orderly-auto-apf-13868234.html

 

[momacs]

I believe that good policy is not to dump him a major catastrophe on his first day in office," Bush said.

Not even counting the automakers, What the heck does he think he is leaving the new president?????

 

[350zCommTech]

Re: Not my problem approach.

Bush considering "orderly" auto bankruptcy


She said the White House was close to a decision and emphasized there were still several possible approaches to assisting the automakers, such as short-term loans out of a $700 billion Wall Street rescue fund. Bush has resisted this approach before, and it is adamantly opposed by many Republicans

http://finance.yahoo.com/news/Bush-considering-orderly-auto-apf-13868234.html

Remember how last Friday's quick announcement saved the markets from crashing? Why don't they just do it already? What is the holdup? Waiting for GMAC to become a bank?

 

[Show-me]

I believe that good policy is not to dump him a major catastrophe on his first day in office," Bush said.

Not even counting the automakers, What the heck does he think he is leaving the new president?????

It's all spin. Not his problem, they will give a small "loan" to the auto industry to hold them, the media, and Wall Street over until Pres. Elect O gets sworn in and bang, down we go.

Who's going to buy a new car when, 1. the economy is in the tank, 2. loosing jobs every day, 3. no credit if you wanted to buy a new car, and 4. you don't know if the company will be here next year.

Retail sector is sucking big time and people should by now know what will happen to the retail and service sector jobs after the Holidays.

Car dealers can sell the inventory they have now, so why build new cars. Extended Holiday shutdown for everyone!:nuts:

 

[Show-me]

Yep,

Look at what killed GE today, they (Standard & Poors) are worried about their financial arm. Bad news.

 

[350zCommTech]

Yep,

Look at what killed GE today, they (Standard & Poors) are worried about their financial arm. Bad news.

What gets me is that this is not news. The rating agencies are useless. We knew about GE's problems well before Buffet's deal, when the stock was around $22. Bottom feeders brought the stock back up on nothing but hope.

 

[Show-me]

 

[Show-me]

The Week Ahead

Last Update: 19-Dec-08 11:02 ET

The coming week is light on market-moving news, with a limited amount of economic data and earnings releases due to the Christmas holiday.

The stock market closes early at 1:00 PM ET on Wednesday (Christmas Eve) and is closed Thursday (Christmas Day). The market is open for normal hours on Friday, but a slow day is expected as many market participants are likely to take an extended weekend.

The seven economic releases next week are crammed into Tuesday and Wednesday. Investors will look to the existing and new home sales reports for signs of stabilization in the housing market, while the weekly jobless claims reading and the personal income and spending report will also garner attention. More information can be found at Briefing.com's Economic Calendar

Earnings reports are expected to have a limited impact on trade since only seven companies are confirmed to announce their quarterly results. The largest name on the Earnings Calendar is Walgreen (WAG).
________________________________________________________________

Monday, December 22:

• Earnings: Walgreen (WAG)... Red Hat (RHT)
• Economic Data: None
• Events: None
• Conferences: None
• Fed Speakers: None

Tuesday, December 23:

• Earnings: American Greetings (AM), Micron (MU)
• Economic Data: Third Quarter Final GDP... Existing Home Sales (Nov.)... University of Michigan Revised Consumer Sentiment (Dec.)... New Home Sales (Nov.)
• Events:None
• Conferences: None
• Fed Speakers: None

Wednesday, December 24:

• Earnings:None
• Economic Data: Durable Orders (Nov.)... Weekly Initial Jobless Claims (week ended Dec. 20)... Personal Income and Spending (Nov.)
• Events: Stock market closes early at 1:00 PM ET in observance of Christmas holiday; Bond market closes at 2:00 PM ET ... Weekly Crude Inventories (week ended Dec. 20)
• Conferences: None
• Fed Speakers: None

Thursday, December 25:
U.S. stock and bond markets closed in observance of Christmas holiday

Friday, December 26:

• Earnings:None
• Economic Data: None
• Events: None
• Conferences: None
• Fed Speakers: None

 

[Show-me]

Manpower withdraws Q4 outlook

Dec 22 (Reuters) - U.S. staffing services company Manpower Inc (MAN.N) withdrew its fourth-quarter outlook due to continued declines in the global labor markets and changes in foreign currencies.

During the two months ended Nov 30, revenue declined 20 percent, or 11 percent in constant currency, compared with the prior year period, the company said in a statement.

"We anticipate that demand for our services will be especially weak in December as we are hearing that many of our light industrial clients are taking prolonged plant shut downs around the holidays compared to last year," Chief Executive Jeffrey Joerres said.

http://uk.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idUKBNG17098720081222

 

[Show-me]

Japan logs trade deficit on slumping world demand

By Leika Kihara

TOKYO (Reuters) - Japan logged a trade deficit for the longest period in nearly 30 years in November as a global economic slump and a surging yen led to a record fall in exports, tearing into earnings at big companies such as Toyota.

With shipments to the United States and China wilting, the mood among Japan's export-reliant manufacturers hit an all-time low and deteriorated at the fastest pace on record in December, a Reuters poll showed on Monday.

Underscoring the deepening gloom, Toyota, the world's biggest automaker, on Monday forecast its first ever group operating loss due to a relentless global slide in car sales and a crippling rise in the yen.

"Exports will probably be weak at least until the end of this fiscal year," said Maiko Noguchi, senior economist at Daiwa Securities SMBC.

"After that, there will be some help from fiscal spending (by other countries) but it's still not clear the economy could recover sustainably."

A record 26.7 percent plunge in exports, bigger than a 14.4 percent fall in imports, pushed Japan's once politically sensitive trade balance into a deficit of 223.4 billion yen (1.7 billion pounds) in November.

http://uk.reuters.com/article/businessNews/idUKTRE4BL1DY20081222

 

[Show-me]

Developers Ask U.S. for Bailout as Massive Debt Looms


With a record amount of commercial real-estate debt coming due, some of the country's biggest property developers have become the latest to go hat-in-hand to the government for assistance.
They're warning policymakers that thousands of office complexes, hotels, shopping centers and other commercial buildings are headed into defaults, foreclosures and bankruptcies. The reason: according to research firm Foresight Analytics LCC, $530 billion of commercial mortgages will be coming due for refinancing in the next three years -- with about $160 billion maturing in the next year. Credit, meanwhile, is practically nonexistent and cash flows from commercial property are siphoning off.

http://online.wsj.com/article/SB122991429181825709.html?mod=special_page_campaign2008_mostpop

 

[Show-me]

http://www.cnbc.com/id/15840232?video=971796233&play=1

This link has a very interesting ending as Steve Liesman, who I don't care for, is putting together a special report about "real unemployment". I look forward to seeing it.

Rick Santelli may be turning Steve around.

 

[Show-me]

BGZ actually bottomed at $58.03 -10.17. FAZ bottomed at $36.90 -13.70, so I assume you will chase off the bottom. Good luck with that strategy. Are both of these ETFs x 3.

Sold the BGZ @ $67.24 for a small 4.74% gain. Looking to buy up some DXO.